CalPERS Announces Preliminary Returns of 0.6% When Target is 7.5% (Updated)
CalPERS posts crappy results and its disclosure isn’t too hot either.
Read more...CalPERS posts crappy results and its disclosure isn’t too hot either.
Read more...CalPERS at best laid a big goose egg for its 2015-2016 results. It remains in denial about its return prospects, to the detriment of beneficiaries and taxpayers.
Read more...By the time regulators start warning of risk, as the OCC is now in commercial real estate, it’s often too late.
Read more...China is behaving badly by trying to maintain growth at the cost of worsening deflation in the rest of the world.
Read more...Commercial bankruptcies rose at a much bigger clip in early 2016 than in recent years. How worried should we be?
Read more...The hedge fund industry has been bloodied but is far from bowed.
Read more...Spain demonstrates some of the costs and dislocations created by negative interest rate policies.
Read more...Investors got a big dose of bad news about the economy and geopolitics and reacted accordingly.
Read more...Even though the near-term fundamentals for oil are not promising, speculators are cutting bets that the bottom will fall out (again).
Read more...Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.
Read more...Years late, investors are finally waking up to the fact that hedge funds overpromise, overcharge, and underdeliver.
Read more...An increase in job cuts announced suggests an employment turning point is nigh.
Read more...The more you look at negative interest rates, the harder it is to find anything to like.
Read more...What word best describes how distasteful it is to see obscenely rich men complain that they aren’t as rich as they think they ought to be? The subhead on a new Financial Times story on private equity tell us: “PE believes investors do not grasp their long-term cash flow generation capabilities.” In other words, this […]
Read more...Energy-bust inflicted to banks and other lenders has only just begun to bite.
Read more...